On average, listings lease in the $10's per square foot per year. The Gibraltar Heights submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $174 per sqft per year. That's a 91% decline in rent.
In the last 90 days, 2 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this market were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Gibraltar Heights folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.